Rent to own Homes in Skokie, IL
Bordering Chicago to the southeast and southwest, Skokie, Illinois, fashions itself as the "World's Largest Village." In the past, many of the residents here were of Jewish descent, and a monument to that legacy is located in the Illinois Holocaust Museum and Education Center, located in the northwest part of town. The city also has a rich cinema heritage, with movies such as The Blues Brothers and Sixteen Candles being filmed in and around Skokie's very streets.
Skokie, IL is a great place for affordable rent-to-own homes! With a median household income of over $74,725 and a median rent of $1,269, the Skokie, IL rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Skokie, IL. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Skokie, IL Property Resources
Rent to own Homes in Cities Near Skokie, IL
- Addison
- Alsip
- Bannockburn
- Barrington
- Bedford Park
- Bensenville
- Berkeley
- Bridgeview
- Broadview
- Brookfield
- Burr Ridge
- Cicero
- Clarendon Hills
- Countryside
- Deer Park
- Des Plaines
- Elk Grove Village
- Evanston
- Forest Lake
- Forest View
- Glencoe
- Golf
- Green Oaks
- Harwood Heights
- Hawthorn Woods
- Highland Park
- Highwood
- Indian Creek
- Indian Head Park
- Kildeer
- Knollwood
- Libertyville
- Lincolnshire
- Lincolnwood
- Mettawa
- Morton Grove
- Mundelein
- Niles
- Northbrook
- North Riverside
- Oakbrook Terrace
- Palatine
- Palos Park
- Park City
- Park Ridge
- River Forest
- Riverwoods
- Western Springs
- Wheeling
- Worth
Neighborhoods in Skokie, IL
No neighborhoods foundPopular Zip Codes in Skokie, IL
60203 rent to own homes 60077 rent to own homes 60076 rent to own homesBuying a Home in Skokie, IL
Skokie, IL is seeing rapid growth and Skokie, IL's' housing market remains not optimal with an average home price that is 49% above the 2024 national average. Skokie, IL is part of Cook county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Cook is 1.38% which is above the national average, which is 0.99%.
Median Home Price in Skokie, IL
Median Rent in Skokie, IL
Top Reasons to Live in Skokie IL
Housing Statistics Less than five percent of homes are vacant in Skokie, while the residential turnover rate is just 13 percent, meaning that finding a house, whether to purchase outright or as a rent-to-own house, can be challenging. However, with the year-on-year median sales price of homes rising 13.3 percent to $226,500 between May and July 2013, and the number of sales increasing by 14.9 percent to 254 in the same period, if you can find property to purchase or rent to own in Skokie, it could be a great long-term investment.
Local Sports Skokie residents can be found cheering for the various Niles West High School sports teams--go Wolves! The loyal supporters in the the community haven't had too much to cheer about recently--not since the 1970s have they won a state championship (in baseball), back when they were known as the Niles West Indians. Nevertheless, you'll still find the Mike Basrak Field packed on game night, with football and soccer as well as track and field events taking place on the school's grounds off Oakton Street. If you're not the biggest fan of field games, you can always throw your support behind the basketball or wrestling teams. Of course, being just 15 miles from Chicago, many locals support major professional teams like the popular Cubs, White Sox, Bulls, Blackhawks, and, of course, da Bears!
Largest Employers and Industries The unemployment rate in Skokie tends to hover around the national average, while sitting comfortably below the state average. Healthcare science is a major industry in the area. Pfizer, located in downtown Skokie, is the largest employer in the village, with more than 2,000 people working for the pharmaceuticals company, while the North Shore University Health System and Skokie Hospital combined have a similarly sized workforce. Meanwhile, Woodward MPC Frame Systems, which designs and makes parts for the aerospace and energy markets, also makes a sizable contribution to the local economy.
Nightlife If you're a fan of late-night dancing, Skokie's nightlife will probably leave something to be desired, but that doesn't mean you can't still have a great night out. The village's after-dark entertainment can be found to the southwest, with the Kush Hookah Lounge on Dempster Street being a favorite of many thanks to its laid-back atmosphere and the option to lay back on great big welcoming couches.
Outdoor Activities While Skokie Lagoons aren't technically in Skokie, simply head north, and they're quickly and easily accessible by road. The scenic biking route here is connected to the longer North Branch Bicycle Trail; while if you'd rather take to the water, you can try your hand at kayaking, canoeing, or row-boating. Meanwhile, within Skokie itself is the Evanston Golf Club, which prompts just one question: nine holes or 18?